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Hertz So Good: CD&R, Carlyle and BofA Recoup $2.3 Bln Investment and Then Some

Posted on: March 29, 2011 by Luisa BeltranNo Comments »

Good things come to those who wait. Or rather, to PE firms that know when to sell shares.

Hertz Global Holdings revealed yesterday that its PE sponsors–Clayton, Dubilier & Rice, the Carlyle Group and Bank of America Merrill Lynch—sold 50 million shares in the company. Hertz did not reveal a price per share but I’m hearing they sold at $15.65 each, or $782.5 million.

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Top 10 peHUB Posts This Week

Posted on: February 25, 2011 by dtollNo Comments »

1) It’s Not a Bubble, People; It’s a Pyramid Scheme, by Connie Loizos

2) Scoop: Peter Wagner Parts Ways With Accel After Nearly 15 Years, by Alastair Goldfisher

3) Halsey Minor Sticks It To Virginia, Again, by Connie Loizos

4) ‘Goldfinger’ Hits $732M On 2nd Mount Kellett Fund, by Gregory Roth

5) Oak Hill To Make Back 40% of Dave & Buster’s Investment in Nine Months–UPDATED, by Luisa Beltran

6) Riding High On Q4 Profit, KKR Expects To Fully Deploy ’06 Fund, by Luisa Beltran

7) J-Dubs Redux: Beaten Abandoned, & Left For Dead, J.W. Childs Is Back, by Bernard Vaughan